Marcus & Millichap Inc.
03/18/2026 | Press release | Archived content
Marcus & Millichap Brokers Sale of 68,936-Square-Foot Office Building in Clearwater, Florida
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Marcus & Millichap Brokers Sale of 68,936-Square-Foot Office Building in Clearwater, Florida
March 18, 2026
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CLEARWATER, Fla., Mar. 18, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $5.3 million sale of Corporate Square, a 68,936-square-foot office building in Clearwater, Florida.
"We brought the property from listing to closing within three months by leveraging Marcus & Millichap's national platform," said Darpan Patel, senior managing director investments. "That timeline is exceptionally fast for an office asset in any market environment. Our team recognized the potential in the building's infrastructure and its alignment with the city's long-term vision for a more connected district. We identified several investment groups that saw an opportunity to modernize the property and create value through leasing the remaining vacancy."
"Local and national capital continues to pursue opportunities in the Tampa Bay MSA because of the region's strong fundamentals," said Samantha Kelley, associate investments. "Investors are increasingly focused on well-located assets with value-add potential, and this property offered the opportunity to reposition an office building within one of the area's most active corridors."
Patel and Kelley, along with Dan Yozwiak of Marcus & Millichap, exclusively represented the seller. The buyer, European Equities, led by CEO David McComas, was procured by Jonathan Gerszberg of Marcus & Millichap.
"Sometimes a property finds the right long-term owner," Gerszberg added. "European Equities has more than half a million square feet of office space in the market and a clear vision for the asset, with plans to invest in its future."
Located at 28050 U.S. Highway 19 North, Corporate Square is a five-story office building built in 1987 on approximately 3.71 acres. The property was 42.9% occupied at the time of sale. The building includes elevator access, a lobby with café space and a large parking lot with 258 spaces. The property is positioned along the U.S. 19 corridor with proximity to Gulf Coast beaches, St. Petersburg and Tampa, supporting long-term upside.
"We brought the property from listing to closing within three months by leveraging Marcus & Millichap's national platform," said Darpan Patel, senior managing director investments. "That timeline is exceptionally fast for an office asset in any market environment. Our team recognized the potential in the building's infrastructure and its alignment with the city's long-term vision for a more connected district. We identified several investment groups that saw an opportunity to modernize the property and create value through leasing the remaining vacancy."
"Local and national capital continues to pursue opportunities in the Tampa Bay MSA because of the region's strong fundamentals," said Samantha Kelley, associate investments. "Investors are increasingly focused on well-located assets with value-add potential, and this property offered the opportunity to reposition an office building within one of the area's most active corridors."
Patel and Kelley, along with Dan Yozwiak of Marcus & Millichap, exclusively represented the seller. The buyer, European Equities, led by CEO David McComas, was procured by Jonathan Gerszberg of Marcus & Millichap.
"Sometimes a property finds the right long-term owner," Gerszberg added. "European Equities has more than half a million square feet of office space in the market and a clear vision for the asset, with plans to invest in its future."
Located at 28050 U.S. Highway 19 North, Corporate Square is a five-story office building built in 1987 on approximately 3.71 acres. The property was 42.9% occupied at the time of sale. The building includes elevator access, a lobby with café space and a large parking lot with 258 spaces. The property is positioned along the U.S. 19 corridor with proximity to Gulf Coast beaches, St. Petersburg and Tampa, supporting long-term upside.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on March 18, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 25, 2026 at 21:56 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]